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morning, everyone. we do begin with breaking news out of japan right now. a strong earthquake hit the northeastern part of the country this morning. and it has triggered a tsunami warning. >> the quake measured a 7.3. it was centered in the pacific ocean. it was strong enough to cause buildings to sway in tokyo for several minutes. abc's akiko fujita is in tokyo with the very latest by phone. high, akiko. >> reporter: you're right. this quake hit about 5:18 p.m. local time. this is the largest quake we have felt in tokyo this year. to give you an idea of the intensity, in japan, they have a one to seven scale. this was about a five. it's a very strong quake, felt all the way out here. the big concern right now is the possibility of a tsunami along the northeast coast of japan. that is the same area that was devastated last year during 2011. right now, we have not seen any reports of tsunami waves just yet. the meteorological agency here has forecast waves about three feet high to hit the miyagi prefecture. we've not gotten any reports of a tsunami. but all of those cities along th
>>> breaking right now, a major earthquake hits japan. >> a tsunami warning issued. severe shaking in the same area that was devastated by that tsunami back in 2011. we are live in tokyo with the very latest. >>> we get a critical snapshot of the economy this morning. when we'll learn if hurricane sandy also devastated the nation's job market. >>> incredible crash. a jewelry store gets a drive-through. an employee inches from a very different outcome. >>> and 24/7? is round-the-clock shopping the next trend in holiday retailing? one megadepartment store is betting on it. >>> good friday morning, everyone. we do begin with breaking news out of japan right now. a strong earthquake hit the northeastern part of the country this morning. and it has triggered a tsunami warning. >> the quake measured a 7.3. it was centered in the pacific ocean. it was strong enough to cause buildings to sway in tokyo for several minutes. abc's akiko fujita is in tokyo with the very latest by phone. high, akiko. >> reporter: you're right. this quake hit about 5:18 p.m. local time. this is the largest quake
at this is basically something that you can ride along and freeload and let america and canada and japan handled? >> steve, your question -- >> i'm and freeload, by the way. >> that by the way is how the chinese would describe any relationship between japan and america. the interesting aspect of all these conflicts is that as india and china and india and china have a proximate geographically, but we've never been neighbors. >> right. >> in order to be neighbors you either have to love each other or hate each other. we have done neither. in fact, in 1962 during the first strategic conflict, between these two, you have to understand, it's hard to understand why we are not neighbors. [inaudible] in terms of inaccessible. but the positions, the lines, the strategies, the lines, what would they resonate to? the positions that are taken by postcolonial nations is that we will not be bound by decisions made by colonial powers. one, or in china's case, that we had to abandon our national positions. and now that we are strong, we need to resurrect them. right or wrong is not, that is very little to do w
strug off the coast of japan. a tsunami warning has been issued. i know it was felt very strongly there, alex. what can you tell us? >> well, atika, you mentioned some of the details. we were sitting in the office here in our bureau in tokyo, up on the ninth floor of this building. it's hard to describe, you can't really describe the feeling until you're into it. the one thing that grips me, i'm relatively new to living here in japan is the noise more than everything. everything basically shaking violently, our filing cabinets shaking. here's what i can tell you. you mentioned the 7.3 earthquake. a few other details just coming in. there are advisories -- pardon me, i'm looking off my notes. there are advisories for japan, but the pacific tsunami warning center has not issued a further alert beyond that. right now they're keeping it just to japan. we are hearing reports of possibly as much as a two-meter high tsunami warning in miagi prefecture. this is along the same fault lines, right where this happened in march of last year, the march 11th earthquake and tsunami that we all know ver
the side of the mountain in almost every major country in the world, whether it's japan, china, europe is now pressing on the accelerator, brazil, even india, the united states. i think when you look at the monetary stimulus that's taking place around the world, the uncertainty over the cliff will go away. i think we'll grow better than 4% nominal and might grow 3% to 4% real in the united states and multiple expansion would clearly take place under that scenario, so i think it's hard to get to bearish, particularly when the stock market is not giving us any signs of meaningful deterioration, you know, whether you look at the technical indicators or fundamental indicators. >> a great point. bill stone, you know, rimm stock has done so well just in the last several weeks. we're still expecting a loss for the quarter on 2.66 billion in revenue, but do you own this stock? would you buy rimm? would you look to buy technology going into 2013? >> we don't own the stock. i will say i am a product user. i love rimm because i love that keyboard. i can't get rid of it. >> right. >> i don't reall
cac up 11%. thailand up 43%. japan up 6%. year to date, the usa is up over 12%. that ain't bad. let's bring in our pal, jim iuor iuorio. you know, jim, it's turning out to be a very good year and it's turning out to be a very good year on a global basis. >> no doubt about it. but let's break it down. japan's stock market has rallied huge because of promise of liquidity injections and doveishness. the same thing can be said for europe and for the u.s. around the globe, everyone's squeezing interest rates and forcing money to seek yield wherever it can. it could have followthrough in japan. europe has run kind of far -- the market has chosen to believe that europe's problems are somewhat behind us. i don't really share that philosophy. but i think this move is interesting. >> but the european financial risk fear indicators look great. in fact, these financial indicators look great worldwide. i agree with you trat central banks are greasing the wheels. but in a very gloomy world, a very gloomy psychology where the worst case becomes the most talked-about case, at some point don't the m
on with the japanese elections? the new prime minister told the bank of japan we want more stimulus. guess who's meeting thursday? the bank of japan. japan's exports fall for the sixth straight month. you are going to see the bank of japan on thursday announce new stimulus measures. you're going to see efforts to weaken the yen. it's going to get even weaker. that is the old yen carry trade. that may be where some of this money is coming from to do the odd little trades that seem to be going on. out of bonds, into stocks, selling gold as well. i think that's a real factor here. what caught my eye this morning, there was a survey out saying the hedge funds is the most exposed to the market since 2010. a lot of people mentioned that and said, that is a contrary indicator, high levels of activity in the stock market for hedge funds, often a negative indicator overall. let me mention night capital. they are selling themselves to geico. i took two-to-one ratio. this is a good deal all around. you're going to marry the biggest, fastest traders out there, getco. you're going to marry that with knight
great support out of the ecb and the bank of japan is coming online. the only thing holding the market down is the potential consequences of the fiscal cliff. you get movement there, i think you take out the highs of the year and head toward 1,500 pretty quickly. >> meaning, you know, by the end of -- within days of reesk that deal? >> you know, the pace of assent may be not quite that rapid. i think we see that by the first quarter, if we get a good fiscal cliff deal. i think this morning's comments really, really advance that. i really take strong exception to mr. lindsey's point that the president does not want a deal. we actually believe that the president needs a deal almost as badly as the republicans. remember, he is a second-term president, and second-term presidents get very concerned about their long-term legacy. we have a recession in 2013, the republicans may be blamed short term, but that will bake in the cake four more years of weak economic growth and that would assure president obama has one of the weakest records of growth in history. he doesn't want that in the histor
's happening in japan. you guys may recall yesterday it was up .9%. this market has been on a tear this year. it's up more than 20 one of the best asset classes. the yen continues to weaken. there's two reasons why we're focusing here. we got weak economic data out of japan. industrial production decline. we saw core consumer prices decline. we can show you, though, what's happening with the yen. we're seeing the new finance minister coming out and saying to other countries, you know, look, we're not trying to materially weaken our yen and you have no place to accuse us of doing so. he says a strong dollar policy would benefit the u.s. very much so. and, again, might benefit japan, too, because that will make it a lot easier to get that yen lower. today, the dollar/yen is up .2% because it's important at this junction now that we've seen the new government come in, now that we've seen the new cabinet ministers, people who were expecting a lot of fiscal and monetary magic from to look at the data overnight and be reminded that it's no guarantee japan will magically be able to rejiger its econ
is not doing that well. not to talk about japan. so this has a slowdown effect which reverb rates on the growth of emerging countries. >> and i know when you see what's happening in italy, will this, the political developments in italy that cause more instability and less reform there, are you concerned that will have a further destabilization impact? >> no. i mean, i think it comes at a time where we are starting to see an exit, a crisis exist by europe. whether this will stabilize, i hope not. i mean, i think the italians are reasonably rationale. and they know what monti brought to them in terms of reducing the italian overprice on the market. and that's -- you know, that's big money. so it comes at the moment where, you know, europe was probably start to go exit the crisis. unfortunate, but the euro system i think now is stronger than it was a year ago. >> and we've seen a lot of change in the u.s. election as well as talk about whoever won whether there would be increased trade tension wes china.. we heard from tim cook last week and he was asked what would it take to make more products in
-- recently last week i was in korea and japan doing some business over there to with companies. i did hear over and over again, there's a lot of concern over there about whether or not the folks in washington will be able to get a deal together. because it's unlikely that many of those companies there or here are going to be willing to invest, to hire, to put people to work unless there's some kind of resolution, some kind of clarity looking forward. >> we'll leave it there. good to have you on the program, sir. thanks very much, governor. >> thank you. >> jack markell. >> and this is not a knock on the governor, but did you notice like so many elected officials, they can't bring themselves to publicly say the word, we raised taxes, right? which is what they did and it worked, but we raised revenue. revenue has become the new catch word for taxes. >> right. we are raising stock prices right now. we were down 189. down 107 right now. >> is this decline a preview of what can come next week if we don't see a deal to avoid the cliff? we'll talk about it. >> also, antawn shutz gives us his best
in japan. the country was rocked by a powerful 7.3 magnitude earthquake. it hit off the coast of tokyo. the buildings there shaking. you could see some of the video showing the degree to which they were shaking. alex, what's the latest? >> reporter: it has been a very, very tense few hours here in japan after you mentioned a 7.3 magnitude earthquake striking late here in the day on friday. but just in the past 90 minutes or so, the all clear has been given. the tsunami warning has been lifted. that's great news for the people here. there's no signs of any significant damage. no reports of any deaths. just a few injuries at this point. we also have to keep in mind the nuclear power plants. we have heard from the operator of those. they say everything is fine. but as you mentioned, this brings back very painful memories up for the people in the region in northern japan. we were on the phone with one person who said when this earthquake hit, their first reaction was ohno, not again. but it's late here on friday in tokyo where we are. everything appears to be fine. just one wave came ashor
in working with china as china came out of the cultural revolution. we have worked, basically from japan to australia, in deepening relationships for decades. i think the case has been that over the course of the last decade or so we have been very engaged in critical endeavors in the middle east and south asia. and i think there is a recognition now that as we responsibly wind down some of those commitments, that in many respects the lion's share of the history of the 21st century is going to be written in asia across the board -- strategically, politically, militarily. and the united states wants to be part of that. we are going to be part of that drama that plays out. now, we have stated very clearly that a critical component of that is a close working relationship with china. so when we engage, for instance, burma, we have our own history, our own motivations that are unrelated to other countries. so what we are seeking in our engagement is to underscore the positive-sum realities of what we want to accomplish working together. at every meeting we have with china's interlocutors, we
if it's debris from the japanese tsunami. state officials say the boat could have floated from japan to hawaii. but they need to document it before contacting the japanese government. so far, three confirmed pieces of tsunami debris have been found in the ocean. japan donated $5 million to the u.s. to handle tsunami debris. >>> anderson cooper suffers temporary blindness, after a reporting assignment on a sunny day in portugal. ly was on a boat for two hours. later that day, he developed a burning sensation in his eye and lost vision for a day. he wanted to warn people about the risk and encouraged everyone to wear sunglasses. >>> a fast food chain is breaking into the perfume business. pizza hut in canada has just released pizza-scented perfume. only 110 bottles were made. and were shipped to people who responded on a campaign on facebook. no word when it will be available in the u.s. >> does it smell like pepperoni or sausage? >> you could choose your topping. >> okay. way to get some attention. >>> it's a chilly afternoon. you'll definitely n
educate so he sophisticated japan, virtually nobody owns guns. if you want to get a gun, listen what you have to go through. you have to take a shooting and win test. a psychological test, you have to take a drug test. there are virtually no guns in japan. there's nothing of the kind that we tend to see here in the united states. our correspondent who was in japan for cnn for years and years now living in the united states covering newtown, listen to what she had to say about the comparison between those two places. >> i moved back to the u.s. this summer for the last five years, i was living in japan as cnn's tokyo correspondent. in that entire time, i never covered a shooting. there aren't any. this is my third mass shooting i've covered in just six months. i don't have the answer but i can compare japan and the u.s. in japan, there are almost no guns. the average person just can't get one. and i have to tell you, it's the safest place i've ever lived. >> and yet, we can talk about a place that you covered as a journalist, the an toyate killings in norway, 2011, summer camp. 77 people
into orbit. leaders in wash washing, japan and south korea are calling for immediate consequences. even china is criticizing north korea's move. the three-stage ballistic missile was carrying a satellite which u.s. officials say is now tumbling out of control as it orbits around the earth. its purpose remains unclear. but officials say the rocket is similar in design to one that could potentially reach the united states, richard. >> forget about the satellite. this is essentially a long-range missile test. it's a question of when and not if north korea gets the capacity, among other things, to target the west coast of the united states. now, they still haven't figured out how to miniaturize their nuclear weapons and put them on top of that missile, but that day will come. so one thing we have is north korea continuing to be a bowl in a china shop. and all this talk of sanctions and consequences are just that. it's so much talk. china is either unable or unwilling to rein them in. meantime, you have china flying aircraft over disputed islands of japan. japan in response scrambling fighter jets
that showed japan has slipped into a technical recession. they looked at their numbers. they revised the data. japan is technically in a recession. you have more uncertainty in italy. one of the important countries. and also you have this concern happening in japan. we have this week, ben bernanke and the fed will meet at a two-day fed meeting. a lot of people are hoping to hear from the federal reserve chief that there will be some kind of on going stimulus in the form of, you know, bond buybacks or something. we'll be looking to see what he has to say about the economy. this is another big uncertainty in the markets for the week. you know, this comes after consumer spending showing as "the wall street journal" set this morning, consumer spending, consumer confidence wabbling. this is europe concerns. we're seeing that consumer heading into the end of the year is starting to get a little more nervous about where we're headed here. now fiscal cliffs and payroll, fiscal cliff has a lot to do with this. the american payroll association this is the trade group for all of the small business who's
and spending cuts over the next decade. >>> the nikkei 225 index in japan is trading higher today. the win will most likely result in a loosening of japan's monetary policy. >>> despite upbeat on the economic data, markets ended lower last week. it's all about the fiscal cliff, right? could washington be making strides? yesterday, a source familiar with the talks told cnn that house speaker john boehner is willing to extend the debt limit for a year. the ceiling stands at $16.4 trillion. raising it further, requires an acted of congress, something the republicans have opposed since gaining the house in 2010. that news came a day after a source said boehner had suggested higher taxes on americans with annual incomes over $1 million. higher than what the president wants. president wants higher taxes on everybody over $250,000. >> thank you very much. >>> and coming up, much more live from newtown, connecticut, where the nation looked to president obama for comfort last night. and where detectives continue to look for answers today. [ woman ] dear cat, your hair mixes with pollen and dust. i
kctv asking the public to keep them and the belcher family in their hearts. >>> crews in japan removing nine bodies from a collapsed tunnel outside of japan. police say a section of concrete more than 350 feet long fell from the ceiling. >>> pope benedict is joining the twitterverse. he's encouraging the public to ask questions using the hash tag, ask pontiff x or b xvi. the vatican says this is the tip of the iceberg for the church's presence in new media. now you know. >> you going to have a twitter conversation with the pope? >> i was expecting to have a twitter battle for followers. i expect that kind of thing from you. >> i suspect the pontiff will win handily. >> i think he might. >> deserves to. isha, thanks. >>> next, the reaction to the huge news from across the pond. prince william and catherine, the duchess of cambridge, expecting their first child. she's in the hospital with severe morning sickness. the latest on her condition and what the baby means for prince harry next. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in
in japan removing nine bodies from a collapsed tunnel outside of japan. police say a section of concrete more than 350 feet long fell from the ceiling. >>> andrew cuomo says his state will need billions of dollars of assistance to build and repair after super storm sandy. john? >>> the first jobs report comes out since the election. far from the east coast, one midwestern community has positive thoughts about their community. largely because of the landscape developing at an astonishing speed. >>> the pioneer spirit is burning brightly. much of it occurs in a few small neighborhoods. >> i can go local. >>> mike farmer is the ceo of leap 2. a company with a highly advanced mobile search app. >> people stop by the office every day. it's fascinating. >> that must feel pretty good. >> yeah, it does. >> one big reason these companies are clustering here is that google chose this neighborhood to launch its much anticipated super high speed internet connection. 100 times faster than most internet links, google fiber allows massive video data and graphic files to move at astonishing speed, permi
.com/pricerewind. >>> powerful earthquake struck off the coast of japan. 7.3 magnitude quake hit in the same area that was devastated last year. the latest in the recovery coming up. maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> welcome back. custody battle over a little girl in utah has pitted her adoptive parents against the biological dad who didn't know that his wife was putting her up for adoption. now the father's desperate to get his daughter back but the adoptive couple who are the only parents she's ever known are doing everything they can to fight that. i'll speak with the father in just a moment. he says he's only seen his daughter twice since he found out where she was. first, randi kaye has the story of how all this happened. >> reporter: at 21 months, this little girl is caught in a fierce battle between the only parents she's ever known and h
, including canada, germany, great britain, japan, france-- why are their gun deaths so much lower than ourselves? i mean, john howard, a very conservative prime minister-- former prime minister of australia said we don't want the american disease in australia. why is it that all these other countries don't seem to have this problem? >> well, they have soo they have a homicide problem. they have a violent crime problem. in britain, it's four times what ours is. they don't have as many guns. that doesn't prevent killing. it doesn't prevent mayhem. it doesn't prevent violent crime. >> schieffer: you don't really believe people armed with baseball pats batcan somehow kill more people than people armed with guns. >> in this country, more people are beaten to death than are killed by long guns. >> schieffer: the people who are surviving gunshot wounds now, it's because we have better medical help, david, for the same reason-- >> that's good. >> schieffer: yes, it's good. it's the same reason more of our people are surviving on the battlefields, but that's not the end of it. why do you-- why
as demographics. because they couldn't see what made people different. today, retailers from the us to japan are using analytics to find insights in social chatter, reviews and sales transactions. helping some companies increase online revenue up to 50% by offering customers an experience as unique as they are. that's what i'm working on. i'm an ibmer. let's build a smarter planet. vestors like youe : 1-800-345-20 >> schieffer: some of our stations are leaving us now, but for most of you we'll be right back with more on this story. stay with us. ,,,,,,,,,, >> the nation is in mourning, following friday's profound tragedy in which 20 innocent connecticut sc the captioning on this program is provided as an independent service of captionmax, which is solely responsible for the accurate and complete transcription of program content. cbs, its parent and affiliated companies, and their respective agents and divisions, are not responsible for the accuracy, or completeness of any transcription, or for any errors accuracy, or completeness of any transcription, or for any errors in transcription. clo
now. >> it did with hindsight, but you never know. >> you don't. >> but you look at japan, they never did what they needed to do. and here we are, we escaped the financial crisis and the money market, it looked like it was going to freeze up and the huge fortune 500 companies. we avoided that but we just keep -- it's like we think we're permanently okay from negative situations and i don't know if we are. things happen in this world. it's still tough, right? >> it is. but this is a very important topic. >> you borrow too much and sooner or later austerity is awful. but if you can't just keep the credit card going if your kid has -- if it's 50,000, you don't say here's another 50. i don't want you to tighten your belt. >> that's why in the final analysis i think the administration recognizes that and they're going to -- >> this administration? >> yeah, is going to come to the table on the entitlement cuts that need to happen to make the deal work. >> you were with him a couple days ago, right? >> with some of his top advisers. >> you can't say which one? >> a group -- valerie jarron an
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year's tsunami in japan. a coast guard spotted it in olympic national park in washington. they are trying to reach it to find out if it's harboring the area. >>> gm will buy back 200 million shares and another 300 million will be sold through various means or so. that will end the $51 billion bailout of the automaker. taxpayers are expected to lose money on this deal. the stock hasn't done as well as hoped. >>> south korea has elected its first female president. park promises to salvage the economy and other issues are income inequality. park is the daughter of the country's former military dictator. >>> and take a look at these dramatic i am manuals of a mudslide in motion. our affiliate, komo in everett washington captured the video as the slide slammed into a moving freight train. cars crumbled and derailed, as you can see there. the freight trains were back on the tracks yesterday but amtrack is waiting 48 hours to make sure that this scene is safe. unbelievable when you see that mudslide. >> do we know if anybody was hurt? >> i don't think anyone was hurt. it was a f
this morning," margaret brennan, prague. >>> in japan this morning at least nine people are dead after it's unclof a highway tunnel collapsed. it's unclear why those massive concrete slabs broke away from the tunnel walls on sunday. smoke an lucy craft reports smoke and wi dust are interfering with rescue operations at that tunnel about 0 mimles west of tokyo. >> reporter: surveillance grimas inside the tunnel relayed the grim conditions inside. eteestimated 270 concrete toning panels, weighing one ton hech, scattered across the road stface like match sticks. rescuk hours before rescue crews could venture into the scene of horror and devastation to reach the victims of three cars crushed beneath the wreckage and burned after the vehicles caught fire. i saw flames shooting out of one of the cars, says this firefighter. a few of the victims escape t the smoke filled tunnel. a suddenas aching, says this lurvivor. as of the sudden i realized half my car was gone. the unnel's owner, central nipon expressway, said the tunnel had passed inspection the a few months ago. but the company later sai
. >>> a frightening screen this morning on a highway in japan where at least three people were killed when part of a tunnel collapsed outside of tokekytoky. ceiling plates made of concrete fell on cars. the tunnel is 35 years old but was just inspected a month ago. >>> police in san diego are searching for two men caught on tape, caught allegedly stealing, hundreds of pairs of underwear from a victoria's secret. one of the suspects is holding a shopping bag. underwear estimated 4,000 bucks. >>> finally, last week we show you that house right in the middle of a new highway in china, it seems like the owner had a change of heart. he's now agreed to accept compensation to move out and his former home as you see there, torn down. >> pretty definite. all right, ron. >> thank you, ron. >>> we'll turn now to if fiscal cliff, 30 days from an economy-crippling deadline. yet talks seem to be going nowhere. treasury secretary timothy geithner will be the guest on "this week" with george stephanopoulos. >> last weekend, you sat right here and you said you were reasonably optimistic that a deal could be afo
. >>> a frightening scene this morning on a highway in japan where at least three people were killed when part of a tunnel collapsed outside of tokyo. the company that operates that highway, ceiling plates made of concrete fell on cars. the smoke from a fire initially made it impossible for rescue workers to get inside the tunnel. the tunnel is 35 years old but was just inspected a month ago. >>> police in san diego are searching for two men caught on tape, caught allegedly stealing, hundreds of pairs of underwear from a victoria's secret. you can see one of the suspects is holding a shopping bag. the other dropping in handfuls of underwear. underwear estimated 4,000 bucks. >>> finally, last week we showed you that house right in the middle of a new highway in china, it seems like the owner had a change of heart. he's now agreed to accept compensation to move out and his home, now former home, as you see there, torn down. >> pretty defiant. all right, ron. he's out. >> thank you, ron. we appreciate it. >> you got it. >>> we'll turn now to the fiscal cliff, 30 days from an economy-crippling dea
. land slide victory for the conservatives in japan. you know what the conservatives stand for? unlimited easing stimulus. the new prime minister is back in again. increase defend spending. increase infrastructure spending in japan. that's why the asian markets were up overall. did you see what was going on in shanghai index? up another 0 .5%. finally, did you see the airline stocks? nice upgrade at a couple of the firms there, upgrading the airline indexes, moving the last several weeks on better news overall. minimal impact from hurricane sandy. so they upgraded the airline stocks today. the coal stocks up, too, on talk over in barron's that coal would be in much higher demand over in china. guys, back to you. >> thank you, bob. >> let's go over to the bonds and dollars. how are you? >> good morning, jim. well, interest rates, once again, have trickled a bit higher. if you look at it in the context where we've been, basically held the bottom of the range. the pivot, 1.60. we talked quite a bit about how 160 was an important level. we have built on that as we've distanced ourselves, a do
, president truman's decision to use an atomic bomb against japan. tonight we'll examine the process of making a tough decision. we'll hear about major decisions on an international stage, about corporate decisions, and personal ones. from taking down the most wanted man in the world -- >> the president turned to us and said, i made my decision. we are going to go with the raid. write up the orders. >> -- to giving up a dream career. >> it was this sense of almost unreality, of just -- i'm not sure i know who i am. >> to uprooting a company culture. >> some people actually quit. >> to opening the door to a closed society. >> this is like a spy thriller. >> absolutely. >> each of my guests has wrestled with a difficult choice. they will take us through their deliberations, their fears, and how they made their tough decisions. >>> at 11:00 p.m. on may 1, 2011 201 20111, two blackhawks, a translator and a dog named cairo took off from jalalabad, afghanistan, to kill osama bin laden. >> the death of bin laden mark it is most significant achievement to date in our nation's effort to defeat al qaeda
in tokyo, japan, at 10:00 this morning. closer to home, thousands of people are expected to bring in the new year at the celebration in al kpand rhee i can't. tony has a preview. >> reporter: i can tell you it's the time of year when people celebrate. they throw parties, make resolutions and promises for the upcoming year. in old town alexandria it will happen into the evening. it will be pretty packed. it was a quiet morning but the sign in this bookstore displays a subtle clue about the festivities. over 21 local spots including live music and children's activities. for the finale, a return of fireworks. a sure fire good time for folks celebrating the new year. >> go on a party. the redskins made my new year last night. >> or not. >> i have no big plans. >> anything you can think of will likely be represented in old town tonight like here at hotel monaco. they will throw a party in the restaurant. come dressed up. >> 15% off. come dressed to celebrate. come dressed in roaring 20s theme. >> the hotel is booked as are many on the strip but there are plenty of activities to partake
japan. he was 16 years old when the wright brothers flew for the first time. he attributes longevity to sunlight, keeping your mind sharp and says it's never too late to learn something new. >>> british troops in afghanistan show off their creativity with their own gangnam style video. as you see, they take on the worldwide hit, including some christmas touches. the soldiers say it took three months to put together the video. it being used as part of a fundraiser for a mountain rescue team in england. >> thanks for watching. here,, >> pelley: tonight, back to school. classrooms in newtown reopen as more children are laid to rest. reports from jim axelrod and bob orr. elaine quijano with some of the first responders at the crime scene. >> i was almost wishing that it was full of injured people. i never -- nobody. >> pelley: higher taxes are coming but who should pay them? nancy cordes talks to the speaker of the house about his negotiations with the president. and elizabeth palmer in dunblane scotland, one place that knows newtown's long road to recovery all too well. >> i think out o
the committee in the house -- in house resolution 121. it was a resolution calling upon japan to apologize during the imperial army during world war ii, women forced into sexual slavery. he achieved justice for those who suffered atrocities in the past and his leadership will be missed. i also want to thank him for his leadership on the issue of pat tillman, soldier who was -- he lost his life in a firefight when in fact he was killed through -- and i want to appreciate that. lynn woolsey came to congress with a compelling story about how with the helping hand from her government she was able to raise three children by herself and have a successful career serving the people of marina and sonoma counties. she's been a tireless voice for family-friendly policies, for protecting the coastline of northern california and for bringing our troops home and ending the misguided wars in iraq and afghanistan. lynn was a leader of the congressional progressive caucus and i call her the mom of the caucus. and her passionate voice on progressive issues, she will be missed. her leadership will be missed
, also the 2009 world series mvp. before he came to the u.s. he was already the biggest star on japan's biggest team. >>> behold the most annoying words of 2012. classic time honored whatever, third year at the top, annoying pick, those on the list are like, you know, and just sayin'. >> like. >> like you know just sayin' whatever. >> my nieces i stop them and say no. >> what if they say like? >> absolutely. it is forbidden in the house unless you use it properly. >> can i just point out hideki matsui when i spent time in japan he was much more popular than ichiro even though ichiro was a greater baseball player. ichiro was reviewed as remote and distance. hideki was the guy next door you could have a beer with. >> i remember when he came to the u.s. maybe this is a sign i'm getting older, 2003 doesn't seem like that long ago. >> he's retiring? really, didn't he just get here? >> were you collecting baseball cards? >> no i was not. >> are you sure? >> all right. >> when alina started i was aware god zillizilla was being n out. >>> a high level meeting to find a fiscal cliff deal. our
, they don't have these same shoot problems. if you like at japan, they have the most vicious, violent video games of anybody, and they don't have these issues. they don't have a murder rate. >> guess what? tell your hollywood friends, we got hundreds of millions of guns on the street. we ain't japan, so you fight the war on the battlefield before you and the battlefield before us is there is easy access to guns. there will be easy access to guns regardless of what gun safety legislation. >> to parents while i still have control, because you lose it as they get older, don't let them do it. find something else. it's hard. it's easier said than done because a lot of kids sit there for hours and it's their baby-sitter, but no. >> steve, i understand that's not your position, but i'm hearing this a lot of from people in hollywood. no response. quentin tarantino was unbelievable incense it actisen. what a total jackass. left wingers say i want to -- there's a slippery slope on first amendment rights. >> it's always a mistake to do exactly what you want to do when in this kind of situation. you ha
here, guys, on, of course, the dollar/yen. japan did have when aer being called transformative actions weekend. it still remains toes be seen whether shinzo abe is going to be the next prime minister. can it help spur the company back towards growth? remember, with currencies, it's all relative and there are a lot of other players around the world who are trying to weaken theirs, as well. so it could be an uphill climb or maybe i should say a downhill one. >> kelly, thanks. coming up, we're going to debate where the economy is headed in 2013 and how much the fiscal cliff matters to growth. we have a special edition of squawk at 8:00 a.m. eastern time. remember that first interview we had with tepper a few years ago that made so much news. we'll have another rare interview with david tepper. it was 2010 and he sparked what became known as the tepper rally. it was really the squawk rally, but he tried to hijack that. what does he expect from the markets now? "squawk box" will return in just a moment. rivalry. rivalry. 'cause all our states are great. and now is when the gulf gets even be
. ♪ a powerful, fuel-efficient engine, but it's not from japan. it's a car like no other... from a place like nother. introducing the all-w 2013hevrolet malibu, our greatest malibu ever. ♪ wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] >>> americans in the path of superstorm sandy know that investing in infrastructure will help protect against storms. it is also one of the best things we can do to protect ourselves from economic storms as well. american infrastructure was in poor shape even before sandy hit. the american society of civil engineers gives u.s. infrastructure a grade of d. guess what? energy infrom struastructure di better. it got a d plus. the u.s. is spending money on the electrical grids and power plants. but according to the american society of civil engineers, that falls short billion. so what would the u.s. get for that $100 billi
-- [inaudible] from tokyo, japan. it's better than going to a george michaels concert. [cheering and applause] anyway. >> wait, nobody goes to george michael concert for the concert. they go for the after concert. [laughter] >> can i get a backstage pass? [laughter] anyway. i am -- [laughter] every time about to say something i keep going it's the reagan library. i say that holding . >> anyway. i am a conservative working actress here -- [inaudible] it is hard to meet nice conservative men like yourself. [laughter] and i was wondering for you could start fluffy dating website. [laughter] it's going a hit. >> i like the fact that you bring up fluffy mcnuter. probably half doesn't know what it is. [applause] fluffy was a mascot that i created red eye, which was his crazy fluffy thing that -- this was what happens one producer said i don't understand this fluffy. so they just took him away from me. much just like my half brother. they are starting this liberal conservative dating sites. >> try a -- handy date. there were a -- [inaudible] [laughter] >> really? [laughter] help me. >> i'll send you
and deadly scene in japan. just look at it. at least two cars are still trapped inside a highway tunnel after a massive section of the concrete structure collapsed. police say at least nine people died and they found several burned bodies inside the rubble. it is not clear yet what caused the tunnel to cave in about 50 miles west of tokyo or exactly how many cars were inside at the time. >>> chinese authorities have demolished a house sitting in the middle of a new highway. the home was for chinese homeowners resisting what they call unfair compensation. well, the duck farmers who lived there, a husband and wife, refused to sell for months while local authorities built the new highway around them. well, the house was torn down yesterday. they were the lone holdouts. hundreds of other homeowners sold a long time ago. >>> talk about a traffic jam, thousands of cars and trucks are stuck on a major highway in russia after a snowstorm caused a huge traffic backup just two days ago. a 34-mile stretch between moscow and st. petersburg is completely janled with just one lane in each direction clear o
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. [laughter] >> up here in the balcony. >> hi, i'm from tokyo, japan. i love you, and it's better than going to a george michael concert. [laughter] [cheers and applause] anyway -- >> wait, wait, wait. nobody goes to the george michael concert for the concert, they go for the after concert. [laughter] >> can i get a backstage pass? [laughter] um, anyway, i -- [laughter] >> every time i'm about to say something, i keep going, it's the reagan library. [laughter] i say that holding a unicorn. [laughter] >> anyway, i am a conservative working actress here in los angeles -- >> [inaudible] >> and surrounded by lefties. >> yes. >> and it is hard to meet nice conservative men like yourself -- [laughter] i was wondering if you could start fluffy -- [inaudible] dating web site. [laughter] >> you know -- >> it's going to be a hit. >> you know, i like the fact that you bring up fluffy mcnutter, because i think probably half -- who doesn't know what fluffy mcnutter is? fluffy mcnutter was a mascot that i created on red eye which is this crazy, fluffy thing that i -- this is what happens with tv, is one p
for japan. there is something wrong with this picture. we'll have the details in a moment. please don't forget. free market capitalism is still the best path to prosperity. it may not entirely show itself in this fiscal cliff fix, but the fix may be coming. i'm kudlow. we'll be right back. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> u.s. tax dollar funded battery marker a-123 systems is up for sale. the winning bid goes to -- china. so i asked was red china rising why u.s. taxpayers have to finance their battery companies. here's ann lee, author of "what the u.s. can learn from china," professor of nyu and visiting professor from beijing university and author kwof "death by china" and cnbc contributor. ann, let me go to you first. if we, the u.s. taxpayer and government are dumb enough to build a goofy batte
ask you about some other stuff. japan rising. europe stocks doing very well. china stocks having a bit of a comeback year. in other words, as a global guide, there are options to playing this fiscal cliff game here in new york. >> absolutely. you don't have to just trade the s&p 500. i mean, look at tonight, you're seeing australia up a third of a point. the japanese yen is doing very well. look at hong kong. if you want to take what the federal reserve did and apply it internationally, look at hong kong. their monetary policy is pegged to what the federal reserve does. but they have an inflation issue and their economy is tied to china. so if you buy something like ewh, the hong kong etf, all those stocks are priced in hong kong dollars. if the hong kong dollar is repegged, the ewh will go up as much as the repegging. >> what does that mean for the u.s. market? where are you on the u.s. market right now? >> you know, i think right now, probably to the end of year, if we can get some kind of movement on this fiscal cliff, you have a real potential for a pop, 3%, 4%, 5%. unfortunately,
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